Corporate Tax Competition: A Meta-Analysis
|Název práce v češtině:||Konkurence v korporátních daních:
|Název v anglickém jazyce:||Corporate Tax Competition:
|Klíčová slova:||meta-analýza, korporátní daň|
|Klíčová slova anglicky:||meta-analysis, corporate tax|
|Akademický rok vypsání:||2016/2017|
|Typ práce:||diplomová práce|
|Ústav:||Institut ekonomických studií (23-IES)|
|Vedoucí / školitel:||Mgr. Petr Polák, M.Sc., Ph.D.|
|Řešitel:||skrytý - zadáno vedoucím/školitelem|
|Datum a čas obhajoby:||08.02.2017 08:30|
|Místo konání obhajoby:||Opletalova - Opletalova 26, O206, Opletalova - místn. č. 206|
|Datum odevzdání elektronické podoby:||06.01.2017|
|Datum proběhlé obhajoby:||08.02.2017|
|Oponenti:||doc. Ing. Ondřej Schneider, M.Phil., Ph.D.|
|Zásady pro vypracování|
I will use up to date meta-analytical tools, which are used in most recent MRAs (using papers by Stanley and his followers). Specifically mixed effect multi-level model for the MRA and Haussmann model and funnel plots for publication bias detection.
|Seznam odborné literatury|
|Leibrecht, M., Hochgatterer, C., 2012. Tax Competition as a Cause of Falling Corporate Income Tax Rates: A Survey of Empirical Literature. J. Econ. Surv. 26, 616–648. doi:10.1111/j.1467-6419.2010.00656.x
Feld, L.P., Heckemeyer, J.H., 2011. Fdi and Taxation: A Meta-Study. J. Econ. Surv. 25, 233–272. doi:10.1111/j.1467-6419.2010.00674.x
Heckemeyer, J., Overesch, M., 2013. Multinationals’ Profit Response to Tax Differentials: Effect Size and Shifting Channels (SSRN Scholarly Paper No. ID 2303679). Social Science Research Network, Rochester, NY.
Keen, M., Konrad, K.A., 2012. International tax competition and coordination. Max Planck Inst. Tax Law Public Finance Work. Pap. 6.
Havranek Tomas & Zuzana Irsova & Karel Janda (2012), "Demand for Gasoline Is More Price-Inelastic than Commonly Thought." Energy Economics 34(1), 201-207.
Stanley, T.D. (2005): “Beyond Publication Bias.” Journal of Economic Surveys 19(3): pp. 309–345.
Stanley, T.D. & S.B.. Jarrell (1989): “Meta-Regression Analysis: A Quantitative Method of Literature Surveys.” Journal of Economic Surveys 3(2): pp. 161-170.
|Předběžná náplň práce v anglickém jazyce|
|Based on Leibrecht and Hochgatterer (2012), it appears that tax rates indeed decline due to tax competition between countries, and in particular due to competition for profits. The aim of the thesis is to analyse empirical research done in corporate tax competition area and conduct a meta-analysis.
Tax rates are important for companies to meet decisions about place of their production. Corporate taxes have declined since 80s and one of the explanation is mobility of the capital and competition between countries. Thus empirical literature examining this phenomena emerged, which forms a good background for meta-analysis.
So far meta-analytical literature dealing with corporate taxes was mainly focus on FDI. We follow paper by Leibrecht and Hochgatterer (2012), who made a survey of empirical literature, yet conducted no meta-analysis, which is proper technique how to summarize empirical literature.
We will investigate also publication bias, since we also believe, that this kind of a topic, which is closely related to decisions of policy makers, can have biased results.
Hypothesis #1: Corporate tax rates indeed fall due to tax competition.
Hypothesis #2: There is a publication bias within literature examining corporate tax competition
Hypothesis #3: Modelling techniques have significant effect on the effect size.
Several meta-analysis were conducted in this area of research, yet mainly with focus on relation between corporate taxes and FDIs. This should bet he first meta-analysis focusing on topic of corporate tax competition.
Leibrecht and Hochgatterer (2012) state that: “in any case, it is extremely difficult to isolate the role that tax competition plays in the drop in corporate tax rates.”. I believe, that meta-analysis will provide reliable results.
1. Introduction to the topic of corporate tax competition
2. Literature overview and summary of key findings of the literature
3. Aproaches used for examing tax competition
4. Data set gathering and description
5. Empirical analysis
a. Model description
b. Description of results
6. Discussion of the results